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Assets Reference: Court resumes hearing against Ishaq Dar

Assets Reference: Court resumes hearing against Ishaq Dar
April 25, 2018
ISLAMABAD (92 News) – An accountability court (AC) on Wednesday resumed hearing of the National Accountability Bureau (NAB) reference against former finance minister Ishaq Dar for having assets beyond known sources of income. The accountability court (AC) judge Muhammad Bashir resumes hearing of the case. In today’s proceedings, another prosecution witness Abdul Rehman Gondal also recorded his statement in the case. The court also ordered to make Muhammad Azeem's statement a part of the reference against Ishaq Dar. On April 5, the accountability court indicted the three co-accused in supplementary asset beyond income reference against former finance minister Ishaq Dar filed by the National Accountability Bureau (NAB) in line with the Supreme Court directive in the Panamagate case. The co-accused had pleaded not guilty to the charges after which the court summoned prosecution witness. Previously, the charges against Dar followed an investigation into the finances of former prime minister Nawaz Sharif, who was ousted in July after the Supreme Court disqualified him for not declaring salary from his son’s off-shore company. The finance minister is one of Sharif’s closest political allies and Dar’s son has married Sharif’s daughter. Both men deny any wrongdoing. Dar had resigned from his post amid his legal woes and a worsening economic outlook for Pakistan, which is battling to stave off a balance of payments crisis due to dwindling foreign currency reserve and a widening current account deficit. He was initially lauded for steering Pakistan out of a balance of payments crisis in 2013 and returning the nuclear-armed country towards a higher growth trajectory. But over the past year, he has faced criticism for his refusal to allow the rupee to weaken to ease macroeconomic pressures. He has also been accused of eroding the central bank’s independence.